Debt management plan
📊 Rating
1 news mentions · 👍 0 likes · 👎 0 dislikes
📌 Topics
- Personal Finance (1)
- Banking (1)
- Economy (1)
🏷️ Keywords
Credit card APR (1) · Interest rates (1) · Financial literacy (1) · Debt management (1) · Federal Reserve (1) · Consumer credit (1) · Revolving debt (1)
📖 Key Information
Debt management plan (DMP) is an agreement between a debtor and a creditor that addresses the terms of an outstanding debt. This commonly refers to a personal finance process of individuals addressing high consumer debt. Debt management plans help reduce outstanding, unsecured debts over time to help the debtor regain control of finances.
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🔗 Entity Intersection Graph
People and organizations frequently mentioned alongside Debt management plan:
- 🌐 Interest rate (1 shared articles)
- 🏢 Federal Reserve (1 shared articles)
- 🌐 Financial literacy (1 shared articles)